Buying a house after bankruptcy is very possible Buying a house after bankruptcy can be a tremendous task for those who are just coming of out a financial disaster. There are many hurdles that need to be addressed concerning credit recovery. One question that seems to remain on people’s minds, is will they be able to purchase a home after filing for bankruptcy? For most people coming out of bankruptcy the goal is to … [Read more...]
Where Are Future Interest Rates Going?
Where Are Future Interest Rates Going? Let's Talk About Future Interest Rates Interest rates are at the heart of current global debate. Will they go up, will they go down and what does this mean for everyone watching events unfold? Since the financial crisis of 2008 interest rates have been slashed consistently by governments across the globe. Principally some Scandinavian countries have now adopted negative … [Read more...]
Top 5 benefits to getting a HELOC
Top 5 benefits of getting a HELOC First let's talk about what a HELOC is. It stands for Home Equity Line of Credit. It allows you to access the equity in your home as a loan against your property. It is not like a traditional 30 year fixed rate mortgage though where you the loan amount is set and you pay the same amount monthly until the term of the loan is done. A HELOC is a revolving line of credit that uses your … [Read more...]
Credit Card Debt Consolidation
Credit Card Debt Consolidation Do you have too much credit card debt? A great way to lessen your burden when it comes to excessive credit card debt is to consolidate it. This is where you create another loan that will pay off your previous debt at a lower interest rate. This should effectively lower your monthly payments. If you maintain the payments you were making before your credit card debt consolidation then you … [Read more...]
Does it make sense to Consolidate Debt?
To Consolidate Debt or not to Consolidate Debt? That is the question. The answer is ... most likely yes. If you have the creditworthiness to have several higher interest rate debts consolidated to a lower interest rate than it's hard to see why it wouldn't make sene to do. When thinking about consolidating your debt there is really only two considerations to make, will you have lower monthly payments and will you pay … [Read more...]
Top 3 ways to consolidate your debt now!
What does it mean to consolidate debt? The short answer of what it means to consolidate debt is to bundle all or a portion of your current outstanding debt load and combine the balances owed and reduce the interest rate to on all of them to come up with a single payment that should be far less that all of the payments that were due combined. Should you consolidate debt? That is a great question that does not have a … [Read more...]
Credit Card Debt Consolidation
Credit Card Debt Consolidation In the simplest of terms a credit card debt consolidation program is the process of negotiating with your current creditors to consolidate all of your indidual high interest rate credit card payments for one, lower monthly payment. If you 've found yourself with more credit card debt than you can handle and your monthly payments have become overwhelming than a credit card debt … [Read more...]
Using home equity as a debt solution
Using your home equity as a debt solution. If you are in the enviable position of having equity in your home and/or investment property right now but are burdened with other creditors than this may be a debt solution worth looking into. The way to have access to the money that is in the value of your house without selling to a new buyer is to refinance. By refinancing you are taking equity out of your property and will … [Read more...]
Check your Credit Card Ratings
Benefits of good credit ratings Let's talk about rating your credit card and what it can do for you. Are you feeling the love from your credit card company? Many credit card issuers offer perks to get your business. The benefits typically increase with better credit scores and credit histories. Here's a rundown of the most popular offerings so you can see how your credit card stacks up. Remember the best offers goes … [Read more...]
Do-It-Yourself Credit Card Debt Consolidation
Do-It-Yourself Credit Card Debt Consolidation Image via Wikipedia When the economy was still fit as a fiddle and life was a bed of roses, credit card companies were the consumers’ best friend. But as the economy went downhill, the roses became nails in the form of unemployment, a pile of unpaid financial obligations, including credit card debt, collection letters and harassing collection calls from creditors. As if … [Read more...]